Cyberattacks Cannot Simply Erase Bank Loans, Experts Warn
KUALA LUMPUR, Nov 13 – Cyberattacks may disrupt banking systems and damage financial records. However, experts say hackers are highly unlikely to permanently erase customers’ outstanding loans. Banks use several layers of security to protect financial information. These include access controls, transaction records, backup systems and data recovery procedures. Universiti Tun Hussein Onn Malaysia (UTHM) […]
Cyberattackers Steal Money From French Bank Crédit Mutuel Arkéa
PARIS, Nov 5 – French banking group Crédit Mutuel Arkéa has suffered a cyberattack that resulted in money being stolen from its accounts, raising fresh concerns about the security of financial institutions. The bank confirmed that hackers had accessed its computer systems and carried out fraudulent transactions. However, it did not immediately disclose the exact […]